IBAT Board endorses *CDARS from Promontory Interfinancial Network, LLC

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IBAT Board endorses *CDARS from Promontory Interfinancial Network, LLC

*Certificates of Deposit Account Registry Service

IBAT members receive 40% off the usual implementation fee until mid-September!

Chuck McBrayer, Regional Director, notes that 3,000 institutions have used CDARS to enhance their profitability, attract large-dollar deposits, deepen relationships with customers, or obtain wholesale funding.
  • Offer customers access to up to $50 million or more in FDIC insurance
  • Place "excess" deposits with other network members, earn fee income
  • Purchase funds at competitive rates without collateralization
IBAT members’ first di$count benefit window is open now until mid-September, so call Chuck McBrayer at 866.776.6426 ext. 3432 or email cmcbrayer@promnetwork.com to learn more about ways that your bank can benefit by accessing this new endorsement.